Hitachi Receives Batch Order for 49 Elevators and Escalators on "Duo Development" Large-scale Mixed Development Project in Singapore

Tokyo, Japan, and Singapore, March 26, 2014 --- Hitachi, Ltd.
(TSE:6501, "Hitachi") and Hitachi Elevator Asia Pte. Ltd., the supervising
company for Hitachi's elevator business in Southeast Asia, India, and the
Middle East, have been awarded a batch order for 49 elevators and
escalators to be installed in the Duo mixed development project, where the
construction on the project is currently underway in the Ophir-Rochor area,
a growth corridor located between the Kampong Glam historical district
and Beach Road conservation area of Singapore's Central Business
District.

The Duo Development Project, scheduled for completion in 2017, will be
located between Ophir Road and Rochor Road, in an area known as the
Bugis district. The development will comprise a 49-storey residential block
that will house 660 units of luxury apartments and a 39-storey commercial
and five-star hotel complex and a retail gallery with basement carparks.
The developer, M+S Pte. Ltd., a joint venture company established by
Khazanah Nasional Berhad, an investment Corporation owned by the
Malaysian government, and Temasek Holdings (Pte) Limited, an
investment Corporation owned by the government of Singapore, will
undertake the joint development of the Duo project, which is also one of
M+S's first development projects in Singapore.

The order received by Hitachi and Hitachi Elevator Asia comprises a total
of 49 units, including 39 elevators and 10 escalators, which cover all of the
elevators and escalators to be used on the Duo Development project. Four
of the 39 elevators will be ultra-high-speed models with a maximum speed
of 7 m/s. and a load capacity of 1,600kg. Another 16 will be equipped with
Hitachi's "Destination Floor Reservation System," which enables users to
register their destination floor in advance before the car arrives, so that
elevators can be allocated to users based on their destination floor. This
system helps to alleviate congestion on the lobby floor, and increases
overall transport efficiency.

Hitachi has positioned Southeast Asia, India, and the Middle East as key
regions for its elevator business, and established Hitachi Elevator Asia in
Singapore in October 2010 to oversee the elevator business in those
regions. Hitachi Elevator Asia has established a structure to control all
aspects of the value chain for elevators in these regions, including
marketing, sales, design, manufacturing, installation, and maintenance,
and provides products that respond to market needs. Since starting up its
elevator business in Singapore in 1961, Hitachi has shipped highly reliable,
high-quality elevators and escalators for a wide range of facilities,
including airports, hotels, and residential buildings. Hitachi will continue to
provide safe, comforable, high-quality products to the Singaporean
market, which is expected to demonstrate demand in the future as well.
Hitachi is strengthening the global rollout of the Social Innovation
Business. It will continue to expand on the elevator business, which
represents an essential vertical transport infrastructure for urban centers.

Outline of specifications for the elevators and escalators ordered

Outline of specifications for the elevators and escalators ordered

Application

Hotel

Offices

Rated speed

7m/sec.

5m/sec.

2.5m/sec.

3.5m/sec.

2.5m/sec.

1.75m/sec.

Capacity (no. of units)

1,600kg
(4 units)

1,970kg
(2 units)

1,600kg
(3 units)

1,600kg
(8 units)

1,835kg
(2 units)
1,600kg
(8 units)

1,600kg
(2 units)

Notes

-

Destination Floor Reservation
System installed in all 8 3.5m/sec.
units and 8 of the 10 2.5m/sec.
units

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading
global electronics company with approximately 326,000 employees
worldwide. The company's consolidated revenues for fiscal 2012 (ended
March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is
focusing more than ever on the Social Innovation Business, which includes
infrastructure systems, information & telecommunication systems, power
systems, construction machinery, high functional material & components,
automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

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